Entegris Sees Unusually High Options Volume (NASDAQ:ENTG)

Entegris, Inc. (NASDAQ:ENTG) saw unusually large options trading activity on Monday. Stock traders acquired 6,079 put options on the stock. This is an increase of approximately 506% compared to the average daily volume of 1,003 put options.

Insider Activity at Entegris

In related news, SVP Olivier Blachier sold 488 shares of Entegris stock in a transaction dated Monday, November 17th. The stock was sold at an average price of $77.43, for a total value of $37,785.84. Following the completion of the transaction, the senior vice president directly owned 14,124 shares in the company, valued at approximately $1,093,621.32. This trade represents a 3.34% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Bertrand Loy sold 57,570 shares of the business’s stock in a transaction dated Monday, December 1st. The shares were sold at an average price of $76.88, for a total value of $4,425,981.60. Following the completion of the sale, the insider directly owned 305,820 shares of the company’s stock, valued at approximately $23,511,441.60. This represents a 15.84% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 63,643 shares of company stock worth $4,966,433. Company insiders own 0.61% of the company’s stock.

Hedge Funds Weigh In On Entegris

Several large investors have recently made changes to their positions in the business. Capital Research Global Investors bought a new stake in shares of Entegris in the 3rd quarter worth approximately $644,841,000. Norges Bank acquired a new position in Entegris in the second quarter worth approximately $211,786,000. Price T Rowe Associates Inc. MD increased its holdings in shares of Entegris by 21.1% in the first quarter. Price T Rowe Associates Inc. MD now owns 13,555,677 shares of the semiconductor company’s stock valued at $1,185,852,000 after buying an additional 2,361,065 shares in the last quarter. Van ECK Associates Corp lifted its position in shares of Entegris by 1,721.7% during the 3rd quarter. Van ECK Associates Corp now owns 2,173,165 shares of the semiconductor company’s stock valued at $200,931,000 after acquiring an additional 2,053,869 shares during the last quarter. Finally, Invesco Ltd. boosted its stake in shares of Entegris by 183.5% during the 3rd quarter. Invesco Ltd. now owns 3,167,857 shares of the semiconductor company’s stock worth $292,900,000 after acquiring an additional 2,050,473 shares in the last quarter.

Entegris Price Performance

NASDAQ ENTG opened at $89.92 on Tuesday. Entegris has a 12 month low of $60.75 and a 12 month high of $112.36. The firm has a market capitalization of $13.63 billion, a PE ratio of 47.58 and a beta of 1.32. The company’s 50 day simple moving average is $86.09 and its 200 day simple moving average is $84.48. The company has a debt-to-equity ratio of 0.99, a current ratio of 3.44 and a quick ratio of 2.13.

Entegris (NASDAQ:ENTG) last issued its quarterly earnings results on Wednesday, July 6th. The semiconductor company reported $0.70 earnings per share (EPS) for the quarter. Entegris had a return on equity of 11.61% and a net margin of 8.95%.The firm had revenue of $512.84 million during the quarter. As a group, equities research analysts forecast that Entegris will post 3.51 EPS for the current fiscal year.

Entegris Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, November 19th. Shareholders of record on Wednesday, October 29th were given a $0.10 dividend. The ex-dividend date was Wednesday, October 29th. This represents a $0.40 annualized dividend and a yield of 0.4%. Entegris’s payout ratio is 21.16%.

Analysts Set New Price Targets

ENTG has been the topic of several recent research reports. Zacks Research downgraded Entegris from a “hold” rating to a “strong sell” rating in a report on Monday, November 3rd. The Goldman Sachs Group cut Entegris from a “neutral” rating to a “sell” rating and cut their target price for the company from $88.00 to $75.00 in a research note on Monday. Oppenheimer assumed coverage on shares of Entegris in a research report on Thursday, September 4th. They set a “market perform” rating and a $95.00 price target for the company. Mizuho dropped their price objective on shares of Entegris from $108.00 to $96.00 and set an “outperform” rating on the stock in a report on Thursday, November 20th. Finally, Wall Street Zen raised shares of Entegris from a “sell” rating to a “hold” rating in a research note on Friday, October 3rd. Four equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, Entegris currently has a consensus rating of “Hold” and a consensus price target of $94.43.

About Entegris

Entegris, Inc develops, manufactures, and supplies microcontamination control products, specialty chemicals, and advanced materials handling solutions in North America, Taiwan, China, South Korea, Japan, Europe, and Southeast Asia. It operates in three segments: Materials Solutions (MS); Microcontamination Control (MC); and Advanced Materials Handling (AMH).